EthereumPoW (ETHW) is the native token of a blockchain network that emerged as a hard fork of the Ethereum chain at the time of Ethereum's transition to a proof-of-stake consensus mechanism. The project was created by a segment of the community that wished to preserve a proof-of-work version of Ethereum, maintaining the original mining-based consensus model that Ethereum had used prior to "The Merge." Functioning as a smart contract platform, EthereumPoW operates within its own ecosystem, supporting EVM-compatible decentralized applications and tools. The ETHW token is used to pay for transaction fees, compensate miners who secure the network through computational work, and interact with smart contracts deployed on the chain. The network positions itself as an alternative for miners and users who favor proof-of-work security over proof-of-stake validation. It belongs to the broader EthereumPoW ecosystem, distinguishing itself from the main Ethereum network by retaining a mining-based approach to block production and network consensus.
The headline figure masks the concentration: IBIT accounted for 98% of the day's BTC ETF outflows — a single-vehicle drawdown on a day spot ETH ETFs also lost $62M.
The increase is one filing among many, but the direction is consistent: a top US bank adding ETH exposure while rotating its spot BTC ETFs is a signal TradFi allocators are broadening, not retreating.
This page refers to the Ethereum Proof of Work (ETHW or ETHPOW) which tracks the spot and derivative prices of IOU markets across a growing number of exchange as the chain forks away from the original Ethereum chain that has migrated to proof of stake.
EthereumPoW (ETHW) is categorised as: Smart Contract Platform, EthereumPoW Ecosystem, Proof of Work (PoW).
The official EthereumPoW site is https://ethereumpow.org/.
Most recent EthereumPoW coverage: "Bitcoin ETFs Bleed $331M; BlackRock IBIT Posts Record $326M Exit" — read at /en-US/a/bitcoin-etfs-bleed-331m-in-a-single-day-blackrocks-ibit.
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